October 31, 2016
China Broiler Weekly: Market shows signs of stabilising (week ended Oct 25, 2016)
An eFeedLink Exclusive
Prices were stable.
Prices of AA broiler stabilised of late as slaughterhouses restocked depleting inventories. Prices moved higher marginally, averaging 0.86%.
Day-old chick prices continued to fall amid slack buying interest, settling in the range of RMB2.95-3.65/kg.
China breed broiler
Prices of China breed broiler rebounded almost 1% on average during the period in review, as sales increased after the live poultry markets reopened after the disinfection activities.
Nevertheless, the demand for day-old chicks remained weak, resulting in lower prices.
Broiler farmers are expected to stand firm on prices, which have dropped around 10% since August. However the market will lack momentum to rebound strongly amid sluggish demand for chicken products.
RMB=US$0.1477 (October 31)
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